Investing 3 million dollars

"I moved to an uptown apartment about three years ago, and that building was getting 250-300 packages every day," he said. "I saw how much of a pain it was for the property managers."The company does business exclusively with property managers, who replace any existing parcel delivery infrastructure with Fetch's services — density equals profitability, Patton said, so dealing with entire complexes guarantees business.By the time Austin's Silverton Partners invested $3 million in Fetch, Patton had hired 15 people and signed contracts with 15 properties across Dallas, managing packages for 5,000 apartments. Multifamily housing is often risk-averse and slow to adopt new technologies, Patton said, so it's no surprise that apartment managers have been slow to adapt to the now-billions of dollars worth of meal prep kits, books, video games and smart home products Americans order every year. But all this creates a huge burden for apartments. A 2014 study from the National … [Read more...] about Dallas startup fetches $3 million for hassle-free package delivery to apartments

caption Ryan Serhant is the head of The Serhant Team, one of the top real-estate teams in the United States. source Hollis Johnson/Business Insider Ryan Serhant is the star of Bravo’s “Million Dollar Listing” and the head of one of the top real-estate teams in America. He moved to New York City in 2006 as a struggling actor and applied skills useful in show business to real estate. Good salesmanship isn’t about forcing people to buy things they don’t want, but guiding them to a choice they’re genuinely happy with, he said. He explained how he’s learned to better balance his priorities in the past year to make himself a stronger leader. “Million Dollar Listing” star Ryan Serhant told us how he defines success: “It’s not about money. It’s not about lifestyle. It’s not about building a bigger team or anything. It’s that I set goals for myself, and I write them down every … [Read more...] about ‘Million Dollar Listing’ star Ryan Serhant explains how he went from broke actor to leading a top real-estate team that sold over $800 million worth of property last year

Hedge fund tycoon and City veteran Alan Howard has backed a series B investment round into London macro analytics startup Quant Insight (QI). Additional backing came from Stone Milliner Asset Management's Jens-Peter Stein, in a round understood by City A.M. to hold a multi-million dollar valuation. QI also said that over 80 per cent of the capital in the funding round came from its own clients. The funding will be used to boost the startup's presence in the US and Asia, after the company increased its client numbers by 50 per cent so far this year. "QI helps untangle complex markets and identify what is driving asset prices," commented Howard on his investment. "I can see many applications for QI’s technology and am pleased to support them in their expansion." The hedge fund billionaire and co-founder of asset management firm Brevan Howard appeared recently in the news over an impressive comeback on his AH Fund, which brought its total year-to-date returns to 44.3 per cent in … [Read more...] about City tycoon Alan Howard joins multi-million dollar round for AI tech startup Quant Insights